Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h +0.012%

Price spread now: QFEX against HTX−0.066%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.066%, 7d avg −0.022%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.044% cheaper against HTX than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.022%). If the spread goes back, that is −$4 on $10k: about 3.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.015% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.48	0	get 0.0000% / 8h	1h 32m	$1.3M	$1.8M	75x
Short	QFEX SPCX-USD	152.38	0.0038	get 0.0005% / 1h	32m 17s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee QFEXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $7.91
Price spread: −0.066% → −0.022%: −$4.39
Slippage, 4 orders: −$9.85
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.32
Costs to cover: 0.318%
Break-even: 32.1 days

Slippage from HTX: live order book, 2 min ago; QFEX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 2 min ago	2.30 bp	8.7 bp −$9	8.9 bp −$89	13.6 bp −$1,357	doesn't fit
Sell QFEX live order book, 11 min ago	1.31 bp	6.3 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0187% / S +0.0435%	1h	152.31	−0.115%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0008%	8h	152.41	−0.046%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.42	−0.039%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.35	−0.085%	$96.1M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.40	−0.052%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.52	+13.145%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.38	−0.066%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.70	+0.144%	$8K	$896K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.48	long leg	$1.3M	$1.8M	75x
Aftermath Perps SPCXUSD	+0.0025%	1h	152.34	−0.090%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.32	−0.105%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USDshort	+0.0038%	1h	152.38	−0.066%	$1.2M	$5.5M	10x
Arcus SPCX-USD	+0.0040%	1h	152.33	−0.098%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.33	−0.098%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.39	−0.059%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.38	−0.066%	$531K	$380K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.25	−0.151%	$3.2M	$2.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.42	−0.037%	$405K	$499K	20x	as long as short
Variational Omni SPCX	+0.0090%	8h	152.38	−0.067%	$5.9M	$2.8M	—	as long as short
Paradex SPCX-USD-PERP	+0.0098%	8h	152.41	−0.046%	$101	—	5x	as long as short
Pacifica SPCX	+0.0100%	1h	152.34	−0.092%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.27	−0.138%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.37	−0.072%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.40	−0.052%	$14K	$7K	10x	as long as short
tradeXYZ xyz:SPCX	+0.0101%	1h	152.30	−0.118%	$129.9M	$129.1M	20x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.38	−0.064%	$88	—	10x	as long as short
Extended SPCX-USD	+0.0112%	1h	152.35	−0.082%	$733K	$3.7M	10x	as long as short
Binance SPCXUSDT	+0.0112%	8h	152.40	−0.053%	$251.5M	$1.36B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0123%	8h	152.42	−0.039%	$39.5M	$166.7M	75x	as long as short
Polymarket Perps SPCX-USD	+0.0126%	1h	152.38	−0.066%	$487K	$1.2M	10x	as long as short
Lighter SPCX	+0.0128%	1h	152.32	−0.105%	$1.6M	$7.4M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.36	−0.079%	$732K	$938K	10x	as long as short
edgeX SPCXUSDC	+0.0209%	4h	152.39	−0.056%	$1.7M	$892K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.38	−0.066%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0251%	1h	152.24	−0.160%	$626K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0283%	1h	152.40	−0.051%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0376%	8h	152.52	+0.025%	$18.9M	$27.9M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.81	+0.216%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0472%	1h	152.37	−0.072%	$89K	$1.3M	10x	as long as short